Published on : Jul 05, 2018
Albany, New York, July 5, 2018: Medical tourism is becoming a common form of vacationing. A combination of many factors has led to the recent increase in popularity of medical tourism. Recently, a study titled “Global Medical Tourism Market: World Market Review and Forecast to 2023” has been publicized to the online repository of Market Research Hub (MRH), which provides a detailed analysis, emphasizing on the market dynamics that are estimated to determine the growth of the market in the coming few years. The main motive of the study is to provide an in-depth analysis of the current market along with industry growth prospects from 2012 to 2017, and forecast to 2023.
In a bid to provide better and accurate results, the report majorly focuses on some of the prime regions including the Middle East and Africa (MEA), Europe, Asia Pacific, North America, and Latin America. The report also includes forecast on market size, revenue generated, sales, year-on-year growth in global market, regional market, and various segments. First of all, the readers will get to know about medical tourism market outlook in terms of value and volume; and estimates market size for the forecast period 2018-2023. As per the active research evaluations, the global market is projected to display a robust growth represented by a CAGR of 1.65 % during 2018 to 2023.
Moving further, the research throws light on the major segments by volume and value. The segment include dental tourism, cosmetic tourism, cardiology tourism, IVF tourism, ophthalmology tourism, and others. The advantages and drawbacks are also discussed in the study. As per the research findings, the segment of cardiology has witnessed growth at a noteworthy rate over the past few years driven by increased prevalence of cardiovascular disorders, rise in adoption of medical tourism for the treatment of cardiovascular disorders etc. From a geographical perspective, North America accounts for the largest regional share in the global medical tourism market in 2018. Key factors majorly driving the robust growth rate of North America region include well developed healthcare infrastructure, surging number of well-trained medical professionals as well as wide number of hospitals under insurance coverage.
Another vital section of the report gives readers a clear scenario of the market by highlighting major trends. Overall, the research study is a holistic and comprehensive source of information and analysis that offers readers in-depth analysis on the medical tourism market. Readers can expect full coverage of the various factors that are at interplay in this fragmented market.
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